NASDAQ:MCRIMonarch Casino & Resort Stock Price, Forecast & News

Monarch Casino & Resort's stock was trading at $26.47 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MCRI shares have increased by 51.6% and is now trading at $40.14. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Monarch Casino & Resort.

Monarch Casino & Resort is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Monarch Casino & Resort.

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) posted its quarterly earnings results on Wednesday, April, 22nd. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.30 by $0.19. The company earned $51.01 million during the quarter, compared to analysts' expectations of $53.45 million. Monarch Casino & Resort had a return on equity of 9.39% and a net margin of 11.11%. View Monarch Casino & Resort's earnings history.

4 analysts have issued twelve-month price objectives for Monarch Casino & Resort's stock. Their forecasts range from $38.00 to $58.00. On average, they anticipate Monarch Casino & Resort's share price to reach $47.00 in the next year. This suggests a possible upside of 17.1% from the stock's current price. View analysts' price targets for Monarch Casino & Resort.

Press coverage about MCRI stock has been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Monarch Casino & Resort earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutMonarch Casino & Resort.

Monarch Casino & Resort saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 975,400 shares, an increase of 13.2% from the April 30th total of 861,800 shares. Based on an average trading volume of 219,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 7.8% of the company's shares are short sold. View Monarch Casino & Resort's Current Options Chain.

Some companies that are related to Monarch Casino & Resort include Las Vegas Sands (LVS), Wynn Resorts (WYNN), MGM Resorts International (MGM), Caesars Entertainment (CZR), Churchill Downs (CHDN), Penn National Gaming (PENN), Advanced Drainage Systems (WMS), Boyd Gaming (BYD), International Game Technology (IGT) and Scientific Games (SGMS). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Monarch Casino & Resort investors own include Hawkins (HWKN), IBM (IBM), KEMET (KEM), Micron Technology (MU), United Rentals (URI), Gilead Sciences (GILD), Penn National Gaming (PENN), T-Mobile Us (TMUS), USANA Health Sciences (USNA) and AbbVie (ABBV).

Monarch Casino & Resort trades on the NASDAQ under the ticker symbol "MCRI."

Monarch Casino & Resort's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.65%), Park West Asset Management LLC (7.18%), JPMorgan Chase & Co. (5.34%), Wellington Management Group LLP (3.20%), State Street Corp (2.24%) and Waddell & Reed Financial Inc. (1.83%). View institutional ownership trends for Monarch Casino & Resort.

MCRI stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Park West Asset Management LLC, BlackRock Inc., Invesco Ltd., Morgan Stanley, UBS Group AG, Parametric Portfolio Associates LLC, and Bank of New York Mellon Corp. View insider buying and selling activity for Monarch Casino & Resort.

MCRI stock was bought by a variety of institutional investors in the last quarter, including Waddell & Reed Financial Inc., Wellington Management Group LLP, JPMorgan Chase & Co., Deutsche Bank AG, State Street Corp, Two Sigma Investments LP, Healthcare of Ontario Pension Plan Trust Fund, and Driehaus Capital Management LLC. View insider buying and selling activity for Monarch Casino & Resort.

Shares of MCRI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MCRI stock can currently be purchased for approximately $40.14.

Monarch Casino & Resort has a market capitalization of $729.34 million and generates $249.17 million in revenue each year. The company earns $31.82 million in net income (profit) each year or $1.94 on an earnings per share basis. Monarch Casino & Resort employs 2,300 workers across the globe.

The official website for Monarch Casino & Resort is www.monarchcasino.com.

Monarch Casino & Resort's mailing address is 3800 S VIRGINIA STREET, RENO NV, 89502. The company can be reached via phone at 775-335-4600.